Re Contract

RNS Number : 1995B

Balfour Beatty PLC

13 August 2008

 



13 August 2008

BALFOUR BEATTY WINS THREE MAJOR PROJECTS 

IN THE UNITED ARAB EMIRATES

TO THE VALUE OF 1.7 BILLION DHM (£240 MILLION)

Balfour Beatty, the international engineering, construction services and investment Group, announces today that its joint venture companies in Dubai have been awarded a major civil engineering contract and two building services contracts with a total value of 1.7 billion Dhm (£240 million).

Commenting on the awards today, Balfour Beatty Chief Executive Ian Tyler said:

'These project wins further underline our leading position in the fast-growing UAE construction market. We are playing a leading part in the civil engineering, building construction and building services sectors in the UAE and expect robust growth to continue for the foreseeable future.'

Dutco Balfour Beatty has been awarded a 1 billion Dhm (£141 million) roads and bridgeworks project to construct two major interchanges as part of the Waterfront Development in Dubai. This is the latest in a series of civil engineering projects that the company has been awarded on this development by the client, Nakheel. The project, which will be completed in 24 months, forms part of the internal Waterfront road infrastructure to serve the needs of the Waterfront Development and supplement future connectivity to the Sheikh Zayed Road.

In two further projects, BK Gulf, the mechanical and electrical engineering business also jointly owned by Dutco and Balfour Beatty, has secured two new contracts in the UAE. The Marina Hotel project on Yas Island in Abu Dhabi valued at 270 million Dhm (£38 million) forms part of the new development to provide a Formula 1 standard racing complex. The hotel is due for completion in 2009.

A second project, the Trump International Hotel and tower project in Dubai, forms a gateway to the Jumeirah Palm. The project, valued at 430 million Dhm (£61 million), is due for completion in December 2010.

In both projects, BK Gulf is providing complete electrical and mechanical systems for the developments.

-ENDS-

Enquiries to:    

Tim Sharp

Tel: [phone]

www.balfourbeatty.com

Notes to Editors:

Balfour Beatty operations in Dubai comprise 49% interests in Dutco Balfour Beatty, a building, civil and marine engineering contractor, and BK Gulf, a mechanical and electrical engineering contractor.

These businesses will have combined revenues of over £700 million in 2008.

Amongst major current projects in Dubai is the Burj Mall, the world's largest shopping centre, scheduled to open later this year.

Balfour Beatty is a world-class engineering, construction, services and investment business, well-positioned in infrastructure markets which offer significant long-term growth. We work in partnership with sophisticated customers who value the highest levels of quality, safety and technical expertise. Our skills are applied in appropriate combinations to meet individual customer needs.

 

END

 

 

CNTEAPPAFEKPEFE